French firm eyes investment in Clark Food Hub

📆 15/05/2024 01.17.00
📰 TheManilaTimes

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CIAC President Arrey Perez said they met with representatives of Semmaris, the company managing and organizing the commercial activities of Rungis, as part of the two-week Market Sensing and Observation Mission to France.

THE company behind the Rungis International Market in France is interested in investing in the P8.5-billion National Food Hub project in Clark, Pampanga, a top official of the Clark International Airport Corp. said.'CIAC's food hub project earned their interest, which ascertains Clark's viability for this project and its overall marketability. Hearing it from the point-of-view of the world's best is truly encouraging,' Perez said.

The CIAC chief earlier said that the feasibility study for the Clark National Food Hub, conducted by the Public-Private Partnership Center and the Asian Development Bank, is expected to be completed by the end of this year followed by the public tender, which will be conducted by the first quarter of 2025.Perez added the project aims to be awarded in 2025 using the PPP model of design-finance-build-operate-maintain.

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